American Century Companies Inc. Invests $34.76 Million in Stericycle, Inc. (NASDAQ:SRCL)

American Century Companies Inc. acquired a new stake in shares of Stericycle, Inc. (NASDAQ:SRCL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 597,961 shares of the business services provider’s stock, valued at approximately $34,760,000. American Century Companies Inc. owned 0.64% of Stericycle at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Retirement Systems of Alabama increased its holdings in Stericycle by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 116,185 shares of the business services provider’s stock valued at $6,129,000 after buying an additional 305 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Stericycle by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 40,838 shares of the business services provider’s stock valued at $2,024,000 after acquiring an additional 400 shares in the last quarter. Mirova increased its stake in Stericycle by 0.9% in the first quarter. Mirova now owns 47,345 shares of the business services provider’s stock valued at $2,497,000 after acquiring an additional 428 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Stericycle by 6.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,447 shares of the business services provider’s stock worth $433,000 after purchasing an additional 449 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Stericycle by 8.6% during the fourth quarter. Private Advisor Group LLC now owns 5,788 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 459 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SRCL shares. Truist Financial upped their price objective on Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, June 4th. Royal Bank of Canada reiterated a “sector perform” rating and set a $62.00 price objective (down from $69.00) on shares of Stericycle in a research note on Tuesday, June 4th. StockNews.com assumed coverage on shares of Stericycle in a report on Tuesday. They issued a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Stericycle from $135.00 to $142.00 and gave the company an “outperform” rating in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.00.

Stericycle Stock Performance

Stericycle stock opened at $61.68 on Wednesday. The stock has a 50-day simple moving average of $59.06 and a 200 day simple moving average of $54.62. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of -280.36, a P/E/G ratio of 3.37 and a beta of 1.11. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.55. Stericycle, Inc. has a 12-month low of $37.78 and a 12-month high of $61.77.

Stericycle (NASDAQ:SRCL) last announced its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. The company had revenue of $661.60 million during the quarter, compared to the consensus estimate of $672.07 million. On average, research analysts anticipate that Stericycle, Inc. will post 2.29 earnings per share for the current fiscal year.

Stericycle Profile

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.